FPA says compensation scheme should not replace regulation
Adrian Flores
The Financial Planning Association says the Australian Financial Complaints Authority’s compensation scheme of last resort (CSLR) for advi
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Discretionary trusts now have ‘substantial sting in the tail’
Discretionary trusts could be required to pay more than double the amount of duty when purchasing property in Victoria as the State Revenue
Simplification of CGT system could hurt SMSF trustees
SMSF trustees who are small-business owners may have limited time to maximise their CGT concession contributions into super, with the govern
Adviser permanently banned for misuse of client SMSFs
A Queensland-based financial adviser has been permanently banned by the corporate regulator after it was found he recommended his clients to
Allan Gray launches new super fee calculator
Asset manager Allan Gray has launched a fee calculator to help superannuation clients work out how much they’ll be paying in administratio
The most common mistakes in SARs flagged by the ATO
The Australian Taxation Office has revealed the top five most frequent errors made in the submission of SMSF annual returns as well as how a
ATO to auto-subscribe new trustees to SMSF news service
The ATO has said it will begin auto-subscribing new trustees on to its SMSF news service after the regulator revealed it only had 35,000 sub
CA ANZ announces master’s degree partnership
Chartered Accountants Australia and New Zealand has partnered with a Perth university to enable students to complete the CA Program as part
Advisers at risk under TPD education standards
Technicalities within the Tax Practitioners Board’s proposed new continuing professional education requirements could mean advisers will h
SG amnesty to become law after passage through Parliament
The superannuation guarantee amnesty bill has passed both houses of Parliament, allowing employers up to six months to disclose historical n
Director pleads guilty to dodgy SMSF property deals
A South Australian company director has pleaded guilty to 17 counts of aggravated deception and one count of dishonest dealings with documen
ATO defends investment strategy guidance despite ‘communication issues’
The Australian Taxation Office has said that it makes no apologies for issuing its investment strategy guidance despite conceding there were
Opposition keen to address advice gap, repair industry
The federal opposition has indicated that it is willing to engage with the advice industry to address the growing advice gap that will occ
Out-of-office myGovID access control in the works
The ATOÂ has indicated that it is developing an out-of-office myGovID access control for accountants in response to ongoing feedback, but sa
OpenInvest partners with global investment manager
OpenInvest has welcomed a global investment manager into its online marketplace, thereby enabling self-directed investors such as SMSF trus
Heffron calls downsizer contributions a ‘new best friend’
Advisers can better harness downsizer contributions for their clients if they focus on the areas where no rules have been established, accor
Advisers face drastic CPE changes under TPB proposal
Financial advisers could face a significant jump in minimum continuing professional education hours under a new proposal put forward by the
Accurium announced as accredited educator by SMSF Association
Actuarial service provider Accurium has been formally recognised as an accredited educator by the SMSF Association, with the industry body s
New laws mean 65-year-olds should hold off on large contributions
Following confirmation from the government that legislation to extend the work test exemption to age 67 will be passed by the end of the fin
Topdocs provides estate planning course for advisers
Legal document provider Topdocs has partnered with a legal concierge service in launching a CPD-accredited estate planning training series f
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